Accreditation: Fostering Trust and Collaboration

The international accreditation program for internal community economies plays a vital role in ensuring the integrity, sustainability, and interconnectedness of participating communities. It serves as a consensus-based cooperative effort to establish standards and requirements that communities must meet to join the Internal Economy network and benefit from scaling up opportunities.

At its core, the accreditation program is designed to guarantee the value and balance of internal credit within participating communities. It sets forth requirements that promote economic stability, transparency, and equitable exchange between internal economies. By adhering to these requirements, communities ensure that their internal credit stocks are matched and balanced at all times.

The accreditation program operates on the principle of interdependence and collaboration among participating communities. It recognizes that by fostering trust and cooperation, communities can work together towards achieving a sustainable and harmonious economic ecosystem.

Key Requirements of the Accreditation Program:

  1. Internal Credit Value and Balance: Participating communities must demonstrate that their internal credit system accurately reflects the value contributed by individuals, businesses, and organizations within the community. This includes maintaining a balanced internal credit stock, ensuring that the amount of credit in circulation corresponds to the value of goods, services, and labor provided by community members.
  2. Conversion Rate for External Transactions: Communities must apply a conversion rate to external transactions, which aims to maintain economic balance between participating communities. This ensures that the exchange of goods, services, and credits between communities is conducted fairly and without creating significant imbalances.
  3. Reporting and Transparency: Participating communities are required to report the size and scope of their internal economies to the competent authority responsible for overseeing the accreditation program. This reporting fosters transparency and accountability, allowing for a comprehensive understanding of the economic landscape and facilitating informed decision-making.

Consensus-based Cooperative Accreditation:

The accreditation program operates on a consensus-based cooperative model, where participating communities work collaboratively to establish and refine the accreditation standards. This approach ensures that the requirements are relevant, practical, and reflective of the diverse needs and contexts of different communities.

While there may initially be multiple versions of the accreditation program in different parts of the world, the ultimate goal is to merge these programs into a unified framework. This merger allows participating communities to benefit from the scaling up of their internal economies, tapping into a global network of trusted and accredited communities.

The accreditation program serves as a catalyst for collaboration, knowledge sharing, and innovation among participating communities. It encourages communities to strive for excellence in managing their internal economies and fosters a sense of pride and ownership in their achievements.

By adhering to the accreditation requirements, communities demonstrate their commitment to sustainable economic practices, interconnectivity, and the well-being of their residents. Together, they build a network of thriving internal community economies, creating a powerful force for positive change and resilience in the face of external economic challenges.

This page was last updated on 2023-06-23
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